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Kenan Advantage Group, the largest tank truck transporter in North America, has acquired Carbon Express of Wharton, N.J., a transporter of liquid bulk products.
The Carbon Express team, including approximately 65 professional drivers/independent contractors, will join KAG within its Specialty Products division. Carbon Express’ executive chairman and founder Steve Rush will remain with the company throughout the transition and President Sean McAllister will continue to manage the daily operations.
“The acquisition of Carbon Express is another great strategic fit to our expansion in the specialty products market,” said Karen Rizzuto, KAG’s senior vice president of operations, Specialty Products. “Their operating region and customer base complements our footprint today, but also provides additional expansion opportunities in the northeastern U.S.”
Established in 1983, Carbon Express transports lubricant base oils and other petroleum products.
Rush
“We’ve been committed to building a strong and positive reputation with our customers and our employees for many years,” said Rush. “By joining KAG, we believe we are remaining true to this commitment and are excited about the future potential going forward.”
Kenan Advantage Group, based in North Canton, Ohio, ranks No. 1 on the Transport Topics list of the top tank truck/bulk carriers in North America with more than $1.9 billion in revenue in 2021. It also ranks No. 24 on the TT Top 100 list of the largest for-hire carriers in North America.
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